Nickel
Used in stainless steel and batteries. Indonesian supply growth has reset the market in recent years.
15,695
USD/t, +3.5% on the week
LME nickel, indicative, week of October 23, 2026. Source: Commodities-API (commodities-api.com), indicative prices.
52 weeks of Friday closes
- Week
- +3.5%
- 13-week range
- 15,170 to 17,100
- 52-week range
- 14,280 to 19,325
- Over the year
- +4.3%
- Matters to
- Asia, North America
Where Canada sells it
Nickel, ores and unwrought: C$2.6 billion of Canadian exports in the 12 months to August 2026, 55% of it outside the United States.
Source: Statistics Canada, Canadian International Merchandise Trade Web Application (catalogue 71-607-X), domestic exports, by destination.
Largest buyers outside the United States
| Belgium | C$401 million |
|---|---|
| Finland | C$201 million |
| China | C$197 million |
| Netherlands | C$192 million |
| Japan | C$160 million |
| South Korea | C$87 million |
Selling, buying or financing nickel?
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